The earnings call reflects a generally positive outlook with strong customer growth, robust financial performance, and strategic investments in B2B expansion. However, challenges such as inventory increases, delays in distribution center openings, and higher marketing costs present areas of concern.
Company Guidance
During the Q3 2024 earnings call for Zalando SE, the company provided updated guidance reflecting stronger-than-expected performance. Zalando reported a 7.8% year-over-year increase in GMV to EUR 3.5 billion, with revenues rising by 5% to EUR 2.4 billion. The adjusted EBIT for Q3 reached EUR 93 million, significantly up from the previous year, and the adjusted EBIT margin improved by 2.9 percentage points to 3.9%. For the first nine months, the company achieved a 4.4% GMV growth and a 2.6% revenue growth, translating into an adjusted EBIT of EUR 293 million. Zalando upgraded its full-year outlook, now expecting GMV growth between 3% and 5% and revenue growth between 2% and 5%. The company also highlighted its investments in key growth initiatives, such as the transformation of its Plus program and expansion of its European logistics network, to support future top-line acceleration, aiming for a CAGR of 5% to 10% and an adjusted EBIT margin of 6% to 8% by 2028.
Strong Customer Growth
Active customers increased by 0.5 million, surpassing 50 million in total. This growth was driven by the updated ecosystem strategy and a strong start to the autumn/winter season.
Impressive Financial Performance
Zalando reported a GMV growth of 4.4% for the first 9 months and a revenue growth of 2.6%. Adjusted EBIT increased by EUR 126 million to EUR 293 million, with a significant Q3 adjusted EBIT of EUR 93 million.
Successful B2B Expansion
The B2B segment showed double-digit revenue growth of 11.1% in Q3, driven by sales fulfillment and the mature ZFS business.
Improved Gross Margin
Group gross margin improved by 4 percentage points to 40.7% year-over-year, aided by better inventory management and a strong start to the season.
Cash Position
Zalando's cash and cash equivalents remained strong at EUR 2.4 billion, significantly higher than the previous year.
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Zalando SE (ZLNDY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ZLNDY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 05, 2024
$15.29
$15.14
-0.98%
Aug 06, 2024
$12.08
$11.80
-2.32%
May 07, 2024
$13.17
$14.29
+8.50%
Mar 13, 2024
$10.45
$12.46
+19.23%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Zalando SE Unsponsored ADR (ZLNDY) report earnings?
Zalando SE Unsponsored ADR (ZLNDY) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Zalando SE Unsponsored ADR (ZLNDY) earnings time?
Zalando SE Unsponsored ADR (ZLNDY) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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